04-11-16 |
Media article|
Finance Ph.D. researcher Clarissa Hauptmann was quoted in an article on the current presidential elections in U.S. News & World Report. The news article discusses economic and societal issues arising from the gender gap and questions Trump’s suitability to alleviate these problems. In her research, Clarissa has shown that attitudes towards women skew even the cost of capital for firms that women lead: Societies with sceptical views on female executive performance punish otherwise equal female-lead firms with less favourable loan conditions. A recent version of her working paper with Stefanie Kleimeier...

10-07-15 |
Website article|
Under the header of “sustainability pays”, findings by ECCE researchers Rob Bauer, Daniel Hann, Stefanie Kleimeier and Michael Viehs have been prominently reviewed in the July newsletter of Handelsblatt’s Business Briefing. Links to their work can be found in the attached newsletter. The complete text of the study by Kleimeier and Viehs can be found here. For more information on the Handelsblatt's Business Briefing newsletter including subscription information, clear here.

19-06-15 |
Newspaper article|
A recent study by Stefanie Kleimeier (ECCE) and Michael Viehs (University of Oxford & ECCE) entitled “Carbon Disclosure, Emission Levels, and the Cost of Debt“ has been has been featured in the 7th RI Quarterly published by the UNPRI. Highlights of the study's findings: Voluntary disclosure: Companies which voluntarily participate in the CDP disclosure framework enjoy more favorable lending conditions - in the form of lower spreads on their bank loans. Emission levels: Firms with relatively higher CO2 emission levels pay higher spreads but only when borrowing from environmentally...